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Could anyone please help me this question? Thanks very much. Explain how the following financial events would be reflected in the financial statements and notes
Could anyone please help me this question? Thanks very much. Explain how the following financial events would be reflected in the financial statements and notes to the financial statements. Consider the impact on the Balance Sheet. Income Statement and Statement of Cash Flows. (Assume the events are fictional and that the financial statements were prepared immediately after each event. Ignore GST and income tax effects). A customer purchased a table, which had cost $154. for $205 cash. The Wool worths Group paid insurance premiums of $16, 350. The charges were for the past months and the next two months coverage. Office furniture, costing $26,000, was bought for the Sydney Distribution Centre. The Woolworths Group financed this purchase with a 7% bank loan repayable in two years
Could anyone please help me this question? Thanks very much.
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